According to Reuters, Aetna Inc’s board of directors approved the U.S. health insurer’s sale to drugstore chain operator CVS Health Corp for approximately $207 per share in cash and stock. As such, this $69 billion deal will be the largest corporate acquisition.
1. What will Aetna shareholders receive?
2. What will happen to Aetna’s CEO?
3. What are CVS’s plans for the Aetna network?
O’Donnell, C. and Greg Roumeliotis. (2017) CVS Agrees To Buy Aetna In A $69 Billion Deal. Reuters, Dec. 3 (Retrievable online at https://www.huffingtonpost.com/entry/cvs-buys-aetna-insurance_us_5a244f3be4b03c44072e4dc4?section=us_business)